Curator Melissa Wolfe talks about the inspiration we can all take away from the Columbus Museum of Arts newest exhibition showcasing the work of home town hero George Bellows. George Bellows and the American Experience through January 4, 2014. This exhibition follows on the heels of a major retrospective of the artist organized by the [...]
Restaurant Lights Are On, But Max & Erma’s Filed for Bankruptcy
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Max & Erma’s Inc. has filed for Chapter 11 bankruptcy protection in Pittsburgh listing between $1 million and $10 million in debts.
The Columbus, Ohio-based hamburger and casual dining chain has 79 company-owned restaurants and 27 owned by franchisees, all of which remain open. Most are in Pennsylvania, Ohio and Michigan, though the chain has a few locations in Kentucky and in Chicago, Atlanta and Washington, D.C.
Pittsburgh-based G&R Acquisitions bought out Max & Erma’s for $10.2 million in April 2008.
Documents filed Friday in U.S. Bankruptcy Court in Pittsburgh say Max & Erma’s has between 200 and 999 creditors. Typically, companies file for Chapter 11 protection so they can reorganize or restructure debt. Robert Lampl, the chain’s attorney, says Max & Erma’s filed primarily because of money it owes to National City Bank.
Tracy Coats, spokesman for Max & Erma’s owner Gary Reinert, Sr. of Pittsburgh, says ironically, the restaurants are profitable.